Silver Mines Ltd (ASX:SVL, OTC:SLVMF) is expanding its footprint in the United States with the acquisition of two historic precious metals projects in California — Calico North and Kramer Hills.
The company will take full ownership of Calico North and up to an 80% stake in Kramer Hills, securing a strategic position in one of the country’s most mineral-rich regions.
“These projects provide Silver Mines with a substantial foothold in a highly endowed region and fit perfectly with our preference for brownfields targets with high potential, in safe jurisdictions and with minimal balance sheet impact,” said Managing Director Jo Battershill.
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